The Abu Dhabi Economic Vision 2030
Banking
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Innovation in banking practices will also play a large part in increasing the role of GCC-based banks in
areas such as mergers and acquisition (M&A) financing, which is presently dominated by large non-GCC
banks and financial institutions.
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Abu Dhabi’s top 3 banks account for 50.7% of overall UAE bank assets, but must continue to develop in
order to remain competitive in the face of mergers and consolidation among regional players.
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Banks need to look beyond Abu Dhabi and the UAE and begin to move into regional and global markets.
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New savings instruments will be introduced and a local mechanism organised that will help to absorb
excess liquidity in the economy and put it to more productive use in generating growth engines.
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